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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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R T Exports reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 16,2016

Net Loss of R T Exports reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.77 -100 OPM %0-5.19 - PBDT0.01-0.02 LP PBT-0.01-0.05 80 NP-0.01-0.05 80

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Krypton Industries reports standalone net loss of Rs 0.82 crore in the September 2016 quarter
Nov 16,2016

Net loss of Krypton Industries reported to Rs 0.82 crore in the quarter ended September 2016 as against net profit of Rs 0.22 crore during the previous quarter ended September 2015. Sales declined 20.02% to Rs 8.27 crore in the quarter ended September 2016 as against Rs 10.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.2710.34 -20 OPM %-2.669.86 - PBDT-0.520.57 PL PBT-0.840.23 PL NP-0.820.22 PL

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Centron Industrial Alliance standalone net profit declines 83.33% in the September 2016 quarter
Nov 16,2016

Net profit of Centron Industrial Alliance declined 83.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales declined 26.39% to Rs 1.06 crore in the quarter ended September 2016 as against Rs 1.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.061.44 -26 OPM %1.899.03 - PBDT0.020.13 -85 PBT0.020.12 -83 NP0.020.12 -83

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Balgopal Commercial reports standalone net profit of Rs 0.10 crore in the September 2016 quarter
Nov 16,2016

Net profit of Balgopal Commercial reported to Rs 0.10 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales declined 26.32% to Rs 0.56 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.560.76 -26 OPM %17.86-10.53 - PBDT0.10-0.08 LP PBT0.10-0.08 LP NP0.10-0.08 LP

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Ashari Agencies reports standalone net profit of Rs 0.28 crore in the September 2016 quarter
Nov 16,2016

Net profit of Ashari Agencies reported to Rs 0.28 crore in the quarter ended September 2016 as against net loss of Rs 5.08 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Omkar Speciality Chemicals standalone net profit rises 17.59% in the September 2016 quarter
Nov 16,2016

Net profit of Omkar Speciality Chemicals rose 17.59% to Rs 7.22 crore in the quarter ended September 2016 as against Rs 6.14 crore during the previous quarter ended September 2015. Sales rose 3.82% to Rs 83.93 crore in the quarter ended September 2016 as against Rs 80.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales83.9380.84 4 OPM %16.9412.82 - PBDT11.619.13 27 PBT9.228.21 12 NP7.226.14 18

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Sreeleathers standalone net profit rises 56.55% in the September 2016 quarter
Nov 16,2016

Net profit of Sreeleathers rose 56.55% to Rs 4.54 crore in the quarter ended September 2016 as against Rs 2.90 crore during the previous quarter ended September 2015. Sales rose 27.04% to Rs 28.47 crore in the quarter ended September 2016 as against Rs 22.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.4722.41 27 OPM %22.2020.57 - PBDT7.164.84 48 PBT6.854.53 51 NP4.542.90 57

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Sathavahana Ispat reports standalone net profit of Rs 2.05 crore in the September 2016 quarter
Nov 16,2016

Net profit of Sathavahana Ispat reported to Rs 2.05 crore in the quarter ended September 2016 as against net loss of Rs 30.54 crore during the previous quarter ended September 2015. Sales declined 6.27% to Rs 286.12 crore in the quarter ended September 2016 as against Rs 305.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales286.12305.25 -6 OPM %14.242.83 - PBDT13.60-14.94 LP PBT2.05-30.78 LP NP2.05-30.54 LP

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Board of Colgate-Palmolive (India) to consider 2nd interim dividend
Nov 16,2016

Colgate-Palmolive (India) Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on 05 December 2016, inter alia, to consider and declare the second interim dividend for the financial year 2016-17.

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Colgate-Palmolive (India) fixes record date for 2nd interim dividend
Nov 16,2016

Colgate-Palmolive (India) has fixed 16 December 2016 as the Record Date for the purpose of Payment of Second Interim Dividend.

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TVS Srichakra to announce September quarter results
Nov 16,2016

TVS Srichakra announced that meeting of the Board of Directors of the Company will be held on 14 December 2016 to take on record the unaudited financial results of the Company for the quarter ended 30 September 2016.

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Tata Global Beverages heads north after strong Q2 result
Nov 16,2016

The result was announced after market hours yesterday, 15 November 2016.

Meanwhile, the S&P BSE Sensex was up 196.56 points, or 0.75%, to 26,501.19

On BSE, so far 6.28 lakh shares were traded in the counter, compared with average daily volume of 4.16 lakh shares in the past one quarter. The stock hit a high of Rs 125.25 and a low of Rs 121.05 so far during the day. The stock hit a 52-week high of Rs 157.65 on 19 October 2016. The stock hit a 52-week low of Rs 100.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 15 November 2016, sliding 22.07% compared with 4.45% fall in the Sensex. The scrip had also underperformed the market in past one quarter, declining 15% as against Sensexs 6.07% decline.

The mid-cap company has equity capital of Rs 63.11 crore. Face value per share is Re 1.

Tata Global Beverages said that while the underlying business saw volume growth, this was offset by price reductions and adverse impact of currency translation. Group consolidated net profit growth reflected both improved operating performance and better performance by Joint Ventures and Associate companies, Tata Global Beverages said. The latest quarter saw a continued focus on the global health & wellness trend and innovative product launches, the company said.

Ajoy Misra, Managing Director and CEO of Tata Global Beverages, said that the companys product launches leverage the health and wellness trend across geographies. Consumers are seeking enhanced beverage experiences which are also healthy choices and the company is leveraging this insight across product categories. Joint venture companies Tata Starbucks and NourishCo continue to show steady growth and the company is committed to growing them further, Ajoy Misra said.

Tata Global Beverages focusses on branded natural beverages n++ tea, coffee and water. Tata Global Beverages is the 2nd largest player in branded tea in the world. It has a strong portfolio of brands, including Tata Tea, Tetley, Jemča, Vitax, Eight OClock Coffee, Himalayan, Grand Coffee and Joekels.

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Board of Cerebra Integrated Technologies to consider conversion of FCCBs
Nov 16,2016

Cerebra Integrated Technologies announced that the Board of Directors of the Company will meet on 23 November 2016, inter alia, to transact the following business:

- Conversion of balance FCCBs of 2 Million USD allotted on 19 December 2014 as we have received further conversion intimations.

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Board of Cerebra Integrated Technologies to consider conversion of FCCBs
Nov 16,2016

Cerebra Integrated Technologies announced that the Board of Directors of the Company will meet on 23 November 2016, inter alia, to transact the following business:

- Conversion of balance FCCBs of 2 Million USD allotted on 19 December 2014 as we have received further conversion intimations.

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Aries Agro to announce September quarter and half year results
Nov 16,2016

Aries Agro announced that a Meeting of the Board of Directors of the Company will be held on 23 November 2016, inter alia, to transact the following items:

- Approval of Un-Audited Financial Results (Consolidated and Standalone) for the Quarter and Half Year ended 30 September 2016.

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